Progressive American Flat Track to promote the
lightweight, flexible, and durable packaging solution to the
professional racing industry
Innventure LLC (“Innventure” or “the Company”), an enterprise
growth engine, today announced that AeroFlexx, the sustainable
liquid packaging company Innventure launched in 2018, has been
named the official innovative packaging solution for Progressive
American Flat Track, a premier dirt track motorcycle racing series
sanctioned by AMA Pro Racing.
“We applaud AMA Pro Racing and Progressive American Flat Track
for recognizing the sustainability and durability benefits of
AeroFlexx’s innovative packaging solution,” said Bill Haskell, CEO
of Innventure. “We brought this technology to market because we
believed it could revolutionize the liquid packaging industry.
We’re thrilled that it has been embraced by AMA Pro Racing and look
forward to continued adoption by customers seeking a quality
packaging solution with a lower total cost of ownership and reduced
environmental footprint.”
Core to its commercialization process, Innventure uses
operational expertise to take breakthrough technologies sourced
from multinational corporations to market. Innventure builds and
scales companies around these technologies using a systematic,
quantitative, and repeatable analysis.
In its evaluation of the technology, Innventure recognized the
significant value the AeroFlexx packaging solution could unlock for
multinational corporations, including reduced transportation costs,
lower warehouse and inventory requirements, and tamper-proof safety
benefits.
Based in West Chester, Ohio, AeroFlexx merges the best
attributes of flexible and rigid packaging. The company’s
technology has an estimated $400 billion addressable market across
several categories, including the industrial, personal care, food,
household products, and pet care markets. AeroFlexx intends to
expand its global footprint with equipment to be deployed across
the U.S., Europe and Asia.
AeroFlexx’s award-winning technology also offers substantial
sustainability benefits, requiring up to 85% less virgin plastic
versus rigid alternatives, promoting the usage of recycled
materials and offering greater durability, all while being fully
recyclable where all plastic bottles are accepted.
Since its inception, Innventure has launched three companies:
PureCycle Technologies, Inc., AeroFlexx and Accelsius. PureCycle
became a publicly traded company in 2021 and Innventure currently
owns less than 2% of PureCycle.
About Innventure
Innventure founds, funds, and operates companies with a focus on
transformative, sustainable technology solutions acquired or
licensed from Multinational Corporations (‘‘MNCs’’). As
owner-operators, Innventure takes what it believes to be
breakthrough technologies from early evaluation to scaled
commercialization utilizing an approach designed to help mitigate
risk as it builds disruptive companies it believes have the
potential to achieve a target enterprise value of at least $1
billion. Innventure defines ‘‘disruptive’’ as innovations that have
the ability to significantly change the way businesses, industries,
markets and/or consumers operate.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding Innventure’s and
AeroFlexx’s strategies, future business plans and objectives,
products and services and expectations relating to the
implementation, market acceptance and success of AeroFlexx’s
products. Any statements contained herein that are not statements
of historical fact may be deemed to be forward-looking statements.
The words “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intends,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “will,” “would” and
similar expressions may identify forward-looking statements, but
the absence of these words does not mean that a statement is not
forward-looking. The forward-looking statements contained in this
press release are based on our current expectations and beliefs
made by the management in light of their respective experience and
their perception of historical trends, current conditions and
expected future developments and their potential effects as well as
other factors they believe are appropriate in the circumstances.
There can be no assurance that future developments affecting
Innventure will be those that we have anticipated. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond our control) or other assumptions that
may cause actual results or performance to be materially different
from those expressed or implied by these forward-looking
statements, including those discussed and identified in the public
filings made or to be made with the SEC by Learn SPAC Holdco, Inc.,
and the following: expectations regarding Innventure’s strategies
and future financial performance, including its future business
plans, expansion plans or objectives, prospective performance and
opportunities and competitors, revenues, products and services,
pricing, operating expenses, product and service acceptance, market
trends, liquidity, cash flows and uses of cash, capital
expenditures, and Innventure’s ability to invest in growth
initiatives; the implementation, market acceptance and success of
Innventure’s business model and growth strategy; Innventure’s
future capital requirements and sources and uses of cash; that
Innventure will have sufficient capital upon the approval of the
business combination to operate as anticipated; Innventure’s
ability to obtain funding for its operations and future growth;
developments and projections relating to Innventure’s competitors
and industry; the occurrence of any event, change or other
circumstances that could give rise to the termination of the
business combination agreement (“BCA”); the outcome of any legal
proceedings that may be instituted against Learn SPAC Holdco, Inc.,
Learn CW Investment Corporation (“Learn CW”) or Innventure
following announcement of the BCA and the transactions contemplated
therein; the inability to complete the business combination due to,
among other things, the failure to obtain Learn CW shareholder
approval; regulatory approvals; the risk that the announcement and
consummation of the proposed business combination disrupts
Innventure’s current plans; the ability to recognize the
anticipated benefits of the business combination; unexpected costs
related to the proposed business combination; the amount of any
redemptions by existing holders of Learn CW’s common stock being
greater than expected; limited liquidity and trading of Learn CW’s
securities; geopolitical risk and changes in applicable laws or
regulations; the possibility that Learn CW and/or Innventure may be
adversely affected by other economic, business, and/or competitive
factors; the potential characterization of Innventure as an
investment company subject to the Investment Company Act of 1940;
operational risk; and the risk that the consummation of the
business combination is substantially delayed or does not occur.
Should one or more of these risks or uncertainties materialize, or
should any of our assumptions prove incorrect, actual results may
vary in material respects from those projected in these
forward-looking statements. All forward-looking statements in this
press release are made as of the date hereof, based on information
available to Innventure as of the date hereof, and Innventure
assumes no obligation to update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of any such
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. This press release does not constitute either advice
or a recommendation regarding any securities. No offering of
securities shall be made except by means of a prospectus meeting
the requirements of the Securities Act, or an exemption
therefrom.
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version on businesswire.com: https://www.businesswire.com/news/home/20240712260770/en/
Media Contact: Tim Biba, Solebury Strategic
Communications press@innventure.com Investor Relations
Contact: Sloan Bohlen, Solebury Strategic Communications
investorrelations@innventure.com